Exploration Update

Sunrise Diamonds PLC
03 October 2006


                            www.sunrisediamonds.com

3rd October 2006

                        KIMBERLITE FOUND AT TWO TARGETS

                        IN ONGOING EXPLORATION PROGRAMME


   • Kimberlite Discovery at Target 295 Indicates Local Source With High
     Diamond Potential


   • Kimberlite Material Widespread In Gravels At Target 298
_______________________________________________________________________


Sunrise Diamonds plc ('Sunrise' or 'the Company') is pleased to announce the
discovery of kimberlite 'float' at two separate locations in the Kaavi-Kuopio
area in Finland.

At Target 295, on claims where the Company is earning up to a 75% interest from
Nordic Diamonds, kimberlite fragments have been found in numerous excavator pits
dug into the surficial glacial sediments overlying bedrock. Heavy mineral
separates from the kimberlite fragments contain high-interest G10 pyrope garnets
(important indicators of diamond potential) and picroilmenites with compositions
that favour diamond preservation. The Directors believe the distribution and
character of the kimberlite fragments suggests a local bedrock source with high
diamond potential. A programme of geophysics is now being planned to delineate
bedrock targets for drill testing.


At a separate and unrelated location, prospecting around Target 298 (in
a100%-owned area) has located a second occurrence of kimberlite in glacial
sediments. Here, kimberlitic material is common in the host gravel, suggesting a
source of significant size. 20kg of the kimberlitic material has been submitted
for micro-diamond analysis and a further small sample will be examined for
diamond-diagnostic indicator minerals to characterise the kimberlite source.


Commenting today Sunrise Chairman, Mr Patrick Cheetham said 'We are delighted to
get these results so early in our first programme in the Kaavi-Kuopio area. They
confirm our belief that more diamondiferous kimberlites will be found in this
cluster.'


The Company is currently awaiting micro-diamond test results from a 200kg sample
of the recently discovered Lampi kimberlite in the Kuusamo cluster in Finland.
Results have been delayed by a backlog of work in the Canadian laboratories.



Further Info: Patrick Cheetham, Sunrise Diamonds plc. Tel: [phone].
Mob: [phone]

John Greenhalgh/Ron Marshman, City of London PR Ltd. Tel: +44 ( 0)20-7628-5518



The information in this release has been compiled and reviewed by Mr. Patrick
Cheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of the AIM
Guidance Note for Mining Oil & Gas Companies issued on March 16, 2006. Mr
Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a
member of the Australasian Institute of Mining & Metallurgy.



                      This information is provided by RNS
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